SWBI
Smith & Wesson Brands, Inc.10.70
-0.03-0.28%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A reaffirms; adds pricing, LE color.
Q&A largely reaffirmed prepared remarks with added color on pricing and channels, but no major surprises or walk-backs. Management confirmed January's ~3% across-the-board hikes drew zero distributor or consumer pushback, fueling handgun demand uptick. Handgun strength spans BODYGUARD dominance and polymer line refreshes into higher-ASP compacts/full-sizes. Long guns lag on comps yet gain from SBR tax changes; white space opportunities eyed long-term. Law enforcement pipeline builds behind academy wins, extending to federal agencies and foreign militaries. No surprises. Investors will watch LE revenue ramp and pricing durability.
Key Stats
Market Cap
476.08MP/E (TTM)
50.95Basic EPS (TTM)
0.21Dividend Yield
0.05%Recent Filings
10-Q
Q3 FY2026 results
Smith & Wesson Brands posted Q3 FY2026 net sales of $135.7M, up 17.1% y/y from $115.9M, fueled by 34.6% handgun growth to $107.4M while long guns dropped 30.4%; gross margin expanded to 26.2% from 24.1% on higher volumes and lower promotions, driving operating income to $6.7M (up 41.5% y/y) and diluted EPS of $0.08 (reconciles to 44.982M shares). YTD sales rose 3.5% to $345.5M yet operating income fell 26.8% to $7.9M with EPS at $0.05 (reconciles to 44.825M shares). Cash from operations hit $39.6M YTD, inventories down to $175.3M, with $18.4M cash and $75.0M revolver draw (5.75%, compliant). Treasury shares retired. Handgun demand outpaces NICS; distributor inventory excess poses risks.
8-K
Q3 sales up 17.1%
Smith & Wesson Brands reported Q3 fiscal 2026 net sales of $135.7 million, up 17.1% year-over-year, with gross margin expanding to 26.2% from 24.1% and EPS steady at $0.08. Handgun shipments surged 28% into sporting goods channels despite a 2.2% NICS drop, fueling market share gains. Momentum builds. Q4 sales guidance targets 10-12% growth over last year; board approved $0.13/share dividend.
10-Q
Q2 FY2026 results
Smith & Wesson Brands posted Q2 FY2026 net sales of $124.7M, down 3.9% y/y, with gross margin slipping to 24.3% from 26.6% on lower volumes, higher tariffs, and inventory adjustments—yet operating income held at $4.1M. Handguns dipped 3.2% y/y while long guns fell 1.8%, but new products claimed 38.7% of sales. YTD sales slid 3.8% to $209.7M, flipping to a $1.5M net loss from $2.7M profit, as operating income dropped 80.7% to $1.2M; cash from operations surged to $19.2M, inventories fell $6.7M, with $22.4M cash and $90M on a $175M revolver at 6.28% (compliant). Free cash flow not disclosed in the 10-Q. Litigation drags on.
8-K
Q2 sales dip, cash flows strong
Smith & Wesson Brands reported Q2 fiscal 2026 net sales of $124.7 million, down 3.9% year-over-year, with gross margin slipping to 24.3% from 26.6%. Yet Adjusted EBITDAS held at $15.1 million while cash from operations surged to $27.3 million. New products drove 38.7% of sales. Q3 sales guidance: 8-10% above last year, despite tariff uncertainty.
8-K
Annual meeting results approved
Smith & Wesson Brands held its annual stockholder meeting on September 15, 2025, electing seven directors including Anita D. Britt and Mark P. Smith amid minor withholdings. Stockholders approved the say-on-pay proposal for fiscal 2025 executives (16.5M for, 1.5M against) and ratified KPMG LLP as auditors for fiscal 2026 with overwhelming support (29.7M for). Directors sailed through. Governance stays steady.
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